Dogecoin has been within 3 levels for a couple of months and has been respecting it very well. In late May we got a breakout of the descending wedge pattern but we failed to break the important midlevel which is why we are still stuck within the 0.22 and 0.45 level.
We are now approaching the extremes of the range - the 0.22 support level. We have a descending trendline which we are monitoring for a breakout. If we do not get a breakout and break below the 0.22 level, we can easily switch our bias to short. However, we are leaning towards buys for Dogecoin.
We are now approaching the extremes of the range - the 0.22 support level. We have a descending trendline which we are monitoring for a breakout. If we do not get a breakout and break below the 0.22 level, we can easily switch our bias to short. However, we are leaning towards buys for Dogecoin.